New York, New York–(Newsfile Corp. – January 11, 2025) – WHY: The Rosen Law Firm, a global investment law firm, reminds clients of Wolfspeed, Inc. securities. (NYSE: NYSE: ) between August 16, 2023 and November 6, 2024, both dates inclusive (the “Class Period”), of significant January 17, 2025 is the plaintiff's deadline.
AND THEN: If you purchased Wolfspeed securities you may be entitled to a refund without payment of any out-of-pocket costs or expenses through a contingency fee arrangement.
NEXT TO DO: To join the Wolfspeed class action, go to https://rosenlegal.com/submit-form/?case_id=30954 or call Phillip Kim, Esq. call toll free at 866-767-3653 or email case@rosenlegal.com for information about the class action. A class action lawsuit has already been filed. If you wish to act as a lead plaintiff, you must move the Court no later than January 17, 2025. The lead plaintiff is the party that represents the other class members in managing the lawsuit.
WHY THE LAW CAME OUT: We encourage investors to select qualified advisors with a track record of success in leadership roles. Often times, the firms issuing the notices do not have the same experience, resources or any meaningful peer recognition. Many of these companies don't really need security practices, but are middlemen who refer clients or partners to law firms that litigate cases. Be wise in choosing counsel. The Rosen Law Firm represents investors worldwide, focusing its practice on securities class actions and shareholder litigation. The Rosen Law Firm won the largest ever securities settlement for a Chinese company at the time. The Rosen Law Firm was ranked Level 1 by ISS Securities Action (WA:) Services on the number of securities class action settlements in 2017. The firm has been ranked in the top 4 every year since 2013 and has received hundreds of millions of dollars from investors. In 2019 alone the company secured over $438 million from investors. In 2020, founding partner Laurence Rosen was named by Law360 as a Titan of the Spot Bar. Many of the firm's lawyers are accredited by Lawdragon and Top Lawyers.
CREDIT DETAILS: The alleged representation in this action involves Wolfspeed's Mohawk Valley, New York manufacturing facility. The complaint alleges that the defendants provided the public with revenue projections dependent on Mohawk Valley's manufacturing facility ramping up its production to meet and/or exceed demand for its 200mm wafer production.
According to the lawsuit, the defendants provided these very favorable reports to investors while simultaneously misrepresenting and/or concealing incorrect facts about the true nature of Wolfspeed's growth and, in particular, the operating status and profitability of the Mohawk Valley manufacturing facility. First, to meet publicly reported estimates, Wolfspeed would have to cancel or indefinitely suspend planned future projects such as the facility in Saarland, Germany. Second, Wolfspeed will have to lay off a large portion of its workforce and close its Durham, North Carolina manufacturing facility. When true information enters the market, the lawsuit claims that investors suffer damages.
To join the Wolfspeed class action, go to https://rosenlegal.com/submit-form/?case_id=30954 or call Phillip Kim, Esq. call toll free at 866-767-3653 or email case@rosenlegal.com for information about the class action.
No Class is guaranteed. Until the class is confirmed, you are not represented by counsel unless you have retained one. You can choose the advice of your choice. You can remain a member of the missing class and do nothing for now. The investor's ability to share in any future recovery is not dependent on serving as the lead plaintiff.
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Marketing Lawyer. Previous results do not confirm the same result.
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